Thanks Spud
I might be seeing a bit of silver lining on Monday; a potential local buyer interested in the G5 for about 500quid as is, and I might even flip my 23" display for the same amount - reinvest in a 'new' 23" display if it goes through and this way both the display and Mac Pro will be covered for 3-years under warranty.
If not, I will go the route of repairing the dying CCFL in my 23" Cinema HD and use my Dell 24" that will arrive in about 3 weeks via sea mail.
Cheers for the hints on 'stress' testing it. I think there might be a 'super pi' test for OS X. I do quite a bit with HD video and play a lot of 720p TV shows in VLC. I will look to get some more RAM as well
Actually, I am using my MacBook Pro...and I have a 2.8 GHz IMac in storage in London (which I will bring back home in January or so). With the demise of my G5, it brings my main 'server'/torrent/leeching machine to a grind and needs to be replaced ASAP.
As for tech 'lifespan' - there will ALWAYS be something fast and new in a couple weeks time; this is why I've gotten a good starting point to keep me covered for the next three years - heck, my G5 lasted that much and I didn't complain
With all the upgrade options as well, this machine should keep me quite occupied!